MBDFX vs. FSMOX

Last updated Apr 1, 2026

Compare and contrast key facts about AMG GW&K Core Bond ESG Fund (MBDFX) and Fidelity SAI Investment Grade Securitized Fund (FSMOX).

MBDFX is managed by AMG. It was launched on Apr 30, 1993. FSMOX is managed by Fidelity. It was launched on May 17, 2023.

Performance

MBDFX vs. FSMOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG GW&K Core Bond ESG Fund (MBDFX) and Fidelity SAI Investment Grade Securitized Fund (FSMOX). The values are adjusted to include any dividend payments, if applicable.

MBDFX vs. FSMOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MBDFX AMG GW&K Core Bond ESG Fund	-0.93%	7.29%	1.24%	2.69%
FSMOX Fidelity SAI Investment Grade Securitized Fund	-0.05%	8.52%	1.45%	1.16%

Returns By Period

In the year-to-date period, MBDFX achieves a -0.93% return, which is significantly lower than FSMOX's -0.05% return.

MBDFX

• 1D: 0.56%
• 1M: -2.70%
• YTD: -0.93%
• 6M: 0.00%
• 1Y: 3.46%
• 3Y*: 3.27%
• 5Y*: -0.45%
• 10Y*: 1.31%

FSMOX

• 1D: 0.40%
• 1M: -2.17%
• YTD: -0.05%
• 6M: 1.49%
• 1Y: 5.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MBDFX vs. FSMOX - Expense Ratio Comparison

MBDFX has a 0.56% expense ratio, which is higher than FSMOX's 0.33% expense ratio.

MBDFX

AMG GW&K Core Bond ESG Fund

FSMOX

Fidelity SAI Investment Grade Securitized Fund

Return for Risk

MBDFX vs. FSMOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MBDFX

MBDFX Risk / Return Rank: 41
MBDFX Sharpe Ratio Rank: 41
MBDFX Sortino Ratio Rank: 37
MBDFX Omega Ratio Rank: 29
MBDFX Calmar Ratio Rank: 56
MBDFX Martin Ratio Rank: 43

FSMOX

FSMOX Risk / Return Rank: 68
FSMOX Sharpe Ratio Rank: 70
FSMOX Sortino Ratio Rank: 71
FSMOX Omega Ratio Rank: 56
FSMOX Calmar Ratio Rank: 84
FSMOX Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MBDFX vs. FSMOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Core Bond ESG Fund (MBDFX) and Fidelity SAI Investment Grade Securitized Fund (FSMOX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MBDFX	FSMOX	Difference
Sharpe ratio Return per unit of total volatility	0.85	1.25	-0.40
Sortino ratio Return per unit of downside risk	1.19	1.79	-0.60
Omega ratio Gain probability vs. loss probability	1.15	1.22	-0.07
Calmar ratio Return relative to maximum drawdown	1.31	2.08	-0.77
Martin ratio Return relative to average drawdown	4.39	5.84	-1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBDFX vs. FSMOX - Sharpe Ratio Comparison

The current MBDFX Sharpe Ratio is 0.85, which is lower than the FSMOX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of MBDFX and FSMOX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MBDFX	FSMOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.25	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.61	-0.13

Correlation

The correlation between MBDFX and FSMOX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MBDFX vs. FSMOX - Dividend Comparison

MBDFX's dividend yield for the trailing twelve months is around 3.43%, less than FSMOX's 4.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MBDFX AMG GW&K Core Bond ESG Fund	3.43%	3.66%	3.50%	2.92%	2.16%	2.35%	1.84%	2.40%	2.30%	2.10%	2.06%	4.17%
FSMOX Fidelity SAI Investment Grade Securitized Fund	4.08%	4.44%	5.07%	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MBDFX vs. FSMOX - Drawdown Comparison

The maximum MBDFX drawdown since its inception was -20.66%, which is greater than FSMOX's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for MBDFX and FSMOX.

Drawdown Indicators

	MBDFX	FSMOX	Difference
Max Drawdown Largest peak-to-trough decline	-20.66%	-8.65%	-12.01%
Max Drawdown (1Y) Largest decline over 1 year	-3.24%	-2.96%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-20.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.66%	—	—
Current Drawdown Current decline from peak	-5.35%	-2.17%	-3.18%
Average Drawdown Average peak-to-trough decline	-3.96%	-1.78%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	1.05%	-0.08%

Volatility

MBDFX vs. FSMOX - Volatility Comparison

AMG GW&K Core Bond ESG Fund (MBDFX) has a higher volatility of 1.64% compared to Fidelity SAI Investment Grade Securitized Fund (FSMOX) at 1.54%. This indicates that MBDFX's price experiences larger fluctuations and is considered to be riskier than FSMOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBDFX	FSMOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	1.54%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	2.62%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	4.40%	4.63%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.13%	6.30%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.05%	6.30%	-1.25%